Question: Use the following data to answer the below question. Required reserve $50 Checkable deposits $500 Savings Deposits $50 Excess reserves $180 Currency held by the

Use the following data to answer the below question. Required reserve

Use the following data to answer the below question. Required reserve $50 Checkable deposits $500 Savings Deposits $50 Excess reserves $180 Currency held by the public $160 The money multiplier is 1.69 The Fed conducts an open market purchase of $78. What will be the change in the money supply $1 answer? /Round to 2 decimal places/ What is the change in checkable deposits

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